VITA - Final Exam

Welcome to the Final Exam. This exam is a cumulative review of all the sections
available in the Volunteer Reference Manual. This exam is graded at the end of the
exam and you must pass the exam with a score of 70% or greater to be approved as
a VITA volunteer. We urge you to please review all of your answers before submitting
the test for grading. If you do not pass this exam, you may take it again at any
time. All questions are random so you will not receive the same exact test the next
time, so please be sure to review all the section material before attempting the
final exam again.

Upon successfully completing the VITA online certification, you will be presented
with the option to print a certificate of completion for you to provide to the volunteer
site coordinator.

1.
Refunds can be direct deposited and balance due paid by credit card.

1.
Refunds can be direct deposited and balance due paid by credit card.TrueOnly if the return is e-filedFalse

2.
Your clients may itemize for the state even if they did not itemize for federal.

2.
Your clients may itemize for the state even if they did not itemize for federal.TrueFalse

3.
Contributions use for State Parks And Parks Pass Purchase uses what code?

3.
Contributions use for State Parks And Parks Pass Purchase uses what code?425423415400

4.
It is not necessary to enter an Site Identification Number on every volunteer program prepared return.

4.
It is not necessary to enter an Site Identification Number on every volunteer program prepared return.TrueFalse

5.
Even if your client has an Individual Taxpayer Identification Number, you may still file using an incorrect social security number.

5.
Even if your client has an Individual Taxpayer Identification Number, you may still file using an incorrect social security number.TrueFalse

6.
The volunteer manual includes instructions for which forms

6.
The volunteer manual includes instructions for which formsSoftware TipsFTB Forms 540NR and Form 3506FTB Forms 540 and 540EZFTB Forms 540 and 3506

7.
Injured spouse provisions do not apply in California.

7.
Injured spouse provisions do not apply in California.TrueFalse

8.
If the software calculates a penalty, delete it and inform the taxpayer that Franchise Tax Board will send them a bill.

8.
If the software calculates a penalty, delete it and inform the taxpayer that Franchise Tax Board will send them a bill.TrueFalse

9.
What contribution provides school supplies to homeless children?

9.
What contribution provides school supplies to homeless children?436422419402

10.
Which adjustments below must be included in the final state itemized deduction amount?

10.
Which adjustments below must be included in the final state itemized deduction amount?Private Mortgage Insurance.Mello-Ross tax paid.California Lottery Losses.All of the above.

11.
Line 63, Other Taxes, Form 540 options, which is the only tax in scope for the volunteer program?

11.
Line 63, Other Taxes, Form 540 options, which is the only tax in scope for the volunteer program?Nonqualified Deferred Compensation tax and income tax paid to another state.None of the above.Additional tax on early withdrawal from a retirement plan.Additional tax on early withdrawal from a retirement plan and Nonqualified Deferred Compensation tax.

12.
Use tax may be paid on the California Income tax return.

12.
Use tax may be paid on the California Income tax return. TrueFalse

13.
Unemployment, social security, railroad retirement, United States Savings Bonds, state tax refunds and California Lottery winnings are

13.
Unemployment, social security, railroad retirement, United States Savings Bonds, state tax refunds and California Lottery winnings areTaxable to the state, no subtractions to FTB Schedule CA (540).Partially taxable to the state by a ratio comparison with federal taxability.Nontaxable to the state, Column B subtractions on FTB Schedule CA (540).Always taxable to the state; no adjustment necessary.

14.
California does tax foreign social security income.

14.
California does tax foreign social security income.TrueFalse

15.
If your client can claim the Dependent Parent special credit, what code number do you enter on Form 540 line 43 or 44?

15.
If your client can claim the Dependent Parent special credit, what code number do you enter on Form 540 line 43 or 44?219189176173

16.
Which form is required to claim a refund due a deceased taxpayer?

16.
Which form is required to claim a refund due a deceased taxpayer?FTB Form 540.FTB Form 3805.FTB Form 1310.Federal Form 1310.

17.
For married filing joint returns, write this on the deceased taxpayer's signature line.

25.
To qualify for the California Child and Dependent Care Expense Credit

25.
To qualify for the California Child and Dependent Care Expense CreditYour client's California AGI must be $100,000 or less.Your client or their spouse must have earned income during the year.Care must be provided in California.All of the answers are correct.

26.
If a taxpayer asks for information regarding the Federal Privacy Act, refer them to:

28.
State income tax refunds are not taxable California income and an adjustment must be made on

28.
State income tax refunds are not taxable California income and an adjustment must be made onLine 10, Column B, of FTB Schedule CA (540).FTB Schedule CA (540), line 10, Column A.A written request to the Franchise Tax Board.

29.
California Lottery losses are not deductible because

29.
California Lottery losses are not deductible becauseNone of the above.Gambling losses are not an itemized deduction.California Lottery winnings are not taxable.All of the above.

30.
A return must be filed if filing as a qualifying widow(er), over age 65, with 2 dependents and has California Gross Income more than

30.
A return must be filed if filing as a qualifying widow(er), over age 65, with 2 dependents and has California Gross Income more than$38,127$37,870$37,627$37,397

31.
Voluntary contributions on the return must be made in increments of:

31.
Voluntary contributions on the return must be made in increments of:$5$2$1

32.
VITA assistance must be provided free of charge.

32.
VITA assistance must be provided free of charge. TrueFalse

33.
What would the taxable income be on 540, Line 19, for a single filer with a standard deduction and $23,500 California adjusted gross income?

33.
What would the taxable income be on 540, Line 19, for a single filer with a standard deduction and $23,500 California adjusted gross income?$23,705$22,349$19,371$13,404

34.
A federal return must always be completed before a state return.

34.
A federal return must always be completed before a state return.TrueFalse

35.
For more information on Registered Domestic Partners, get FTB Publication 737.

35.
For more information on Registered Domestic Partners, get FTB Publication 737.TrueFalse

36.
If line 6 of Form 540 is completed then

36.
If line 6 of Form 540 is completed thenThe exemption credit may not be claimed and the Standard Deduction Worksheet for Dependents must be completed.Only half of the exemption credit may be claimed.A worksheet must be completed to determine if the exemption credit may be claimed.

37.
To claim the nonrefundable renters credit, a single taxpayer's income must be this amount or less

37.
To claim the nonrefundable renters credit, a single taxpayer's income must be this amount or less
$39,622$39,062$38,212$36,373

38.
State refunds may now be issued as pre-paid VISA cards.

38.
State refunds may now be issued as pre-paid VISA cards.TrueFalse

39.
Contributions do not reduce the amount of a taxpayer's refund.

39.
Contributions do not reduce the amount of a taxpayer's refund.TrueFalse

40.
A return must be filed if filing single, under 65 with 0 dependents and the California Adjusted Gross Income is more than

40.
A return must be filed if filing single, under 65 with 0 dependents and the California Adjusted Gross Income is more than$14,052$13,716$13,278

41.
Estimated payments do not need to be made if withholding includes all but $____ of tax due.

41.
Estimated payments do not need to be made if withholding includes all but $____ of tax due.$500$400$300

42.
Interest from municipal or state bonds from a state other than California

42.
Interest from municipal or state bonds from a state other than CaliforniaIs taxable to California and will require an adjustment to federal adjusted gross income.Is non-taxable for California.Is non-taxable for both federal and state.

43.
If any of your clients can be claimed as a dependent on someone else's return, they must file a return if

43.
If any of your clients can be claimed as a dependent on someone else's return, they must file a return ifThey made estimated tax payments.If they want to pay the California Use Tax.Earned income from California sources is greater than the standard deduction.Earned income from all sources is greater than the standard deduction.

44.
The last day to pay state tax due without penalty is

44.
The last day to pay state tax due without penalty is10/16/201708/15/201704/18/2017

45.
On the California return, the correct rounding procedure is

45.
On the California return, the correct rounding procedure isUnnecessary.Necessary only for efiled returns. Drop amounts under 50 cents and increase amounts from 50 to 99 cents to the next dollar.

46.
The Child and Dependent Care Expenses Credit is nonrefundable.

46.
The Child and Dependent Care Expenses Credit is nonrefundable.TrueFalse

47.
Qualifications and directions for completing FTB Form 3506 are in which section of the Volunteer Reference Manual?

47.
Qualifications and directions for completing FTB Form 3506 are in which section of the Volunteer Reference Manual?Payments and CreditsIntroductionGeneral Information540

48.
Your client can choose to use different exemption credits on their Federal and California return.

48.
Your client can choose to use different exemption credits on their Federal and California return.TrueFalse

49.
FTB Form 540 must be filed if there are any of the following:

49.
FTB Form 540 must be filed if there are any of the following:Interest on state and municipal bonds from a state other than California.Difference between federal and state wages.Claimed educator expense or tuition and fees deduction.All of the answers are correct.